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Nonprofiteer
← EDWARD FOUNDATION

Form 990 for tax year 2023

Filed by EDWARD FOUNDATION.

Totals

Total revenue
$2,491,920
Total expenses
$522,774
Contributions and grants received
$1,924,126
Grants paid
$386,827
Program services expenses (Part IX)
$386,827
Management and general expenses
$135,947
Fundraising expenses
$0
Program service expenses (Part III)
$386,827

Program services were 74.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Bill Mitchell

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Louis Sands

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Yvette M Saba

    President, Edward Hospital

    Total calculated
    $974,831
    From this org
    $0
    From related orgs
    $882,911
    Other
    $91,920
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $452,134 related
    Bonus
    $0 + $62,985 related
    Other
    $0 + $367,791 related
    Deferred
    $0 + $65,990 related
    Nontaxable benefits
    $0 + $25,930 related
    Filer's total
    $0 + $974,831 related

  • Daryl Wilson

    Trustee

    Total calculated
    $419,092
    From this org
    $0
    From related orgs
    $373,862
    Other
    $45,230
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $371,380 related
    Bonus
    $0 + $750 related
    Other
    $0 + $1,732 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $30,380 related
    Filer's total
    $0 + $419,092 related

  • David Yeh

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Gail Niermeyer

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • James Lengemann

    Trustee

    Total calculated
    $541,278
    From this org
    $0
    From related orgs
    $492,706
    Other
    $48,572
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $478,864 related
    Bonus
    $0 + $11,985 related
    Other
    $0 + $1,858 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $33,722 related
    Filer's total
    $0 + $541,278 related

  • Leigh Anne Kazma

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Melissa Peterson

    Trustee (until 3/22/23)

    Total calculated
    $0
    Hours/week
    1

  • Mina Setork

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Nancy Nyberg

    Trustee (until 6/30/23)

    Total calculated
    $0
    Hours/week
    1

  • Philip Cabera

    Trustee (until 4/20/23)

    Total calculated
    $0
    Hours/week
    1

  • Rick Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ryan Kubacki

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Thomas Caplis

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Chris J Mollet

    System Chief Legal Officer/Secretary (until 3/31/23)

    Total calculated
    $1,016,097
    From this org
    $0
    From related orgs
    $859,893
    Other
    $156,204
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $178,687 related
    Bonus
    $0 + $100,906 related
    Other
    $0 + $580,299 related
    Deferred
    $0 + $149,148 related
    Nontaxable benefits
    $0 + $7,056 related
    Filer's total
    $0 + $1,016,097 related

  • Denise Chamberlain

    CFO, South Region/Treasurer (until 12/15/23)

    Total calculated
    $1,494,552
    From this org
    $0
    From related orgs
    $1,336,373
    Other
    $158,179
    Hours/week
    1 + 47 related

    Schedule J breakdown matched by us

    Base
    $0 + $634,519 related
    Bonus
    $0 + $111,224 related
    Other
    $0 + $590,629 related
    Deferred
    $0 + $144,204 related
    Nontaxable benefits
    $0 + $13,975 related
    Filer's total
    $0 + $1,494,552 related

  • Douglas D Welday

    System Chief Financial Officer

    Total calculated
    $2,034,913
    From this org
    $0
    From related orgs
    $1,750,748
    Other
    $284,165
    Hours/week
    1 + 54 related

    Schedule J breakdown matched by us

    Base
    $0 + $861,244 related
    Bonus
    $0 + $869,308 related
    Other
    $0 + $20,196 related
    Deferred
    $0 + $257,414 related
    Nontaxable benefits
    $0 + $26,751 related
    Filer's total
    $0 + $2,034,913 related

  • Gerald P Gallagher

    System President & CEO

    Total calculated
    $6,283,528
    From this org
    $0
    From related orgs
    $4,100,532
    Other
    $2,182,996
    Hours/week
    1 + 55 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,988,061 related
    Bonus
    $0 + $2,102,878 related
    Other
    $0 + $9,594 related
    Deferred
    $0 + $2,145,878 related
    Nontaxable benefits
    $0 + $37,118 related
    Filer's total
    $0 + $6,283,529 related

  • Jason Ogden

    Assistant Treasurer

    Total calculated
    $518,034
    From this org
    $0
    From related orgs
    $475,130
    Other
    $42,904
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $318,037 related
    Bonus
    $0 + $128,318 related
    Other
    $0 + $28,775 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $28,054 related
    Filer's total
    $0 + $518,035 related

  • Shivani Bautista

    System Chief Legal Officer/Secretary

    Total calculated
    $701,764
    From this org
    $0
    From related orgs
    $655,182
    Other
    $46,582
    Hours/week
    1 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $508,779 related
    Bonus
    $0 + $145,031 related
    Other
    $0 + $1,371 related
    Deferred
    $0 + $14,850 related
    Nontaxable benefits
    $0 + $31,732 related
    Filer's total
    $0 + $701,763 related

  • Brett Skeen

    Executive Director, Edward Foundation

    Total calculated
    $215,623
    From this org
    $0
    From related orgs
    $198,022
    Other
    $17,601
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,676 related
    Bonus
    $0 + $6,967 related
    Other
    $0 + $379 related
    Deferred
    $0 + $8,911 related
    Nontaxable benefits
    $0 + $8,690 related
    Filer's total
    $0 + $215,624 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
A detailed compensation review of the top executives, including the Chief Executive Officer, is conducted annually. Market data is collected and assessed by an external independent compensation consultant who specializes in compensation consulting within the healthcare industry. The work product from this study is reviewed separately with Endeavor Health legal counsel. Market data for base and variable compensation is assessed annually for integrated delivery systems and academic medical centers that are similar in size and complexity. The market assessment includes assessing job content in order to make appropriate market data comparisons. Specific recommendations are then reviewed, discussed and approved as appropriate with the Endeavor Health Compensation Committee, in session with legal counsel present, in advance of implementation.
Schedule J, Part I, Line 4a Severance or change-of-control payment
The following individuals received severance payments based upon mutually agreed-upon separation agreement entered into with the organization: Chris Mollet - $444,092
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
INDIVIDUALS WHO HAVE THE TITLE OF VICE PRESIDENT OR HIGHER ARE ELIGIBLE TO PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (SERP); ANY ELIGIBLE PARTICIPANTS MUST BE APPROVED BY THE EDWARD-ELMHURST HEALTHCARE BOARD OF TRUSTEES. THE SERP WAS ESTABLISHED TO RECOGNIZE THE VALUABLE CONTRIBUTIONS THAT EACH OF THE PARTICIPANTS MAKES TO THE OPERATIONS OF EDWARD-ELMHURST HEALTHCARE AND TO REWARD CERTAIN EXECUTIVE EMPLOYEES FOR THEIR LONG-TERM SERVICE AND COMMITMENT TO EDWARD-ELMHURST HEALTHCARE. THE SERP IS DESIGNED TO SUPPLEMENT THESE PARTICIPANTS' INCOME IF THEY REMAIN WITH EDWARD-ELMHURST HEALTHCARE UNTIL AGE 65. IN EXCHANGE FOR THIS LONG-TERM SERVICE, EDWARD-ELMHURST HEALTHCARE WANTS TO SUPPLEMENT THESE PARTICIPANTS' RETIREMENT INCOME WITH ADDITIONAL ANNUAL COMPENSATION THAT IS INVESTED IN AN ANNUITY CONTRACT OR A LIFE INSURANCE VEHICLE; CONTRIBUTIONS VEST AFTER FIVE YEARS. The following individuals participated in a supplemental nonqualified retirement plan and below are the increases to the plan balances during 2023: Yvette Saba - $51,140 Chris Mollet - $134,298 Denise Chamberlain - $129,354 Gerald P Gallagher - $1,707,569 Douglas D Welday - $77,789 The following individuals received payments from a supplemental nonqualified retirement plan reported as taxable compensation: Chris Mollet - $134,298 Denise Chamberlain - $583,558 Yvette Saba - $364,695

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349312958

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